EURUSD is consolidating after the pullback. The market is pulling back from resistance following a double top with divergence. Price action is most likely to continue consolidating since we have two doji candles on the daily timeframe . A breakout of the daily candle will determine the future

Ireland's service sector contracted in September amid rising virus cases and economic uncertainty, survey data from IHS Markit showed on Monday. The AIB Ireland services Purchasing Managers' Index fell to 45.8 in September from 52.4 in August. Any score below 50 indicates contraction in the sector.

Partner CenterFind a Broker     Countercurrency flows and risk sentiment pushed the Kiwi higher last week. Can the comdoll extend its gains against its major counterparts? Let’s check out the potential catalysts you need to prepare for: Business confidence reports The Reserve Bank of New Zealand

The market is looking buoyant to start the new week Germany DAX +2.4% France CAC 40 +1.7% S&P 500 futures up 29 points, +0.9% Nasdaq futures up 120 points, +1.1% US 10-year yields +1.3 bps to 0.668% The risk mood is keeping more positive so far, as stocks are gradually extending gains on the

Denmark's industrial confidence weakened slightly in September after a strong improvement in the previous month, survey data from Statistics Denmark showed on Tuesday. The industrial confidence index slid to -11 from -10 in August. Production expectations and the assessment on the finished goods sto

China’s official August PMIs are out as follows: Official Manufacturing PMI at 51.0 (Reuters poll 51.2) vs 51.1 in July. China aug official services PMI at 55.2 vs 54.2 in July. China aug official composite PMI at 54.5. China’s official August PMIs The manufacturing and non-manufacturing PMIs have

Federal Reserve Chairman Jerome Powell will be making a speech later tonight (in AEST), the chairman will be delivering a monetary policy review statement at the annual Jackson Hole conference. Some have already pegged it ahead of schedule to be quite memorable, with meaningful comments on policy to

Market movers today and the week ahead - Virus numbers and Norges Bank on Thursday No key data releases today. Hence, focus will be on the incoming virus numbers and US-China relations. See also Weekly Focus, 14 August. Fed minutes on Wednesday will be scrutinised ahead of the important September

The Reserve Bank of New Zealand’s (RBNZ) monetary policy decision was accompanied by the minutes of the meeting, which showed that board members will continue to provide additional stimulus as necessary. Additional points Policy will continue to provide support. Commodity prices robust, partially o

Gold (XAU/USD) treads water around $1950, as the bulls turn cautious in the run-up to the Fed showdown. The dovish Fed expectations amid coronavirus-led economic risks and US fiscal stand-off keep the upside favored in the yellow metal. The buyers, however, await a fresh impetus for the next push hi

Elliott Wave View in SPX suggests the rally from 4.2.2020 low ended at 3233.13 high as 5 waves impulse Elliott Wave Structure. Up from 4.2.2020 low, wave (1) ended at 2954.86 high and wave (2) dips ended at 2766.64 low. Index then extended higher in wave (3) towards 3068.67 high and wave (4) pullbac

The South Korea stock market has finished lower in two straight sessions, sinking more than 60 points or 3 percent along the way. The KOSPI now rests just above the 2,130-point plateau although it may find traction on Monday. The global forecast for the Asian markets suggests a higher open on bargai

Stock markets are generally mixed today as NASDAQ seems unstoppable. But other indices, in Asia, Europe and even US look sluggish. OECD noted the equal probability of having a second wave of coronavirus spread or not. But that’s largely ignored by investors. In the currency markets, Dollar is back u